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Mechanic's liens in California.(CALIFORNIA REPUBLIC)

Business Credit

| October 01, 2006 | Salamone, Mary | COPYRIGHT 2006 National Association of Credit Management. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

In many ways the construction industry is special, but in the ways of mechanic's liens the construction industry is actually unique. In no other industry does a merchant have the ability to impose a debt on a stranger. Only in the construction industry are contractors, material suppliers, equipment renters, and laborers given the right to impose a lien on real property without the owner's consent. Therefore, it follows that those who supply labor and materials to projects should be knowledgeable and diligent in order to protect their mechanic's lien rights. Similarly, owners and developers must become wise in the lore of mechanic's liens in order to protect their property ...

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Source: HighBeam Research, Mechanic's liens in California.(CALIFORNIA REPUBLIC)

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